More Canadian Oil Heads to California Ahead of Trans Mountain Pipeline Launch
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further. According to Vortexa data cited by Bloomberg, three tankers carrying a combined 1.74 million barrels departed from the port of Vancouver this month bound for LA. At least two of these were purchased by Marathon Petroleum, which has a refinery in LA. Bloomberg notes that Marathon Petroleum has reserved capacity on the expanded TMX, meaning this increased…